Vitalik Buterin sent 800 ETH ($2,01 million worth) to a wallet with multisig on August 30. The multisig wallet then swapped 190 USDC for 190 ETH.
This isn’t the first major transfer of by Buterin On August 9, the month will begin. This month, August 9th. ETH Co-founder transferred 3,000 ETH worth $8.04million to a multisig wallet.
Buterin sent 1,85 million dollars worth of ETH to another account on June 12, 2023. multisig walletButerin transferred 2,500 ETH (4.6 million dollars) into a cold-storage wallet in April 2023.
Buterin’s transactions may indicate that he is reallocating or consolidating money, for example, for security reasons or strategic ones, although the specific reason for these transactions remains unknown.
Vitalik Buterin announced on October 20, 2023 that he has not personally sold ETH in the past five years.
He said that he used his ETH assets to help support non-profit organizations and various communities.
In February 2023 for example, Buterin donated Ethereum will help victims of Turkey’s 7.8-magnitude earthquake.
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Source: crypto.news